Retailers fan economic fears

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Dismal October sales figures from U.S. retailers reminded investors of the economic hardships ahead, prompting the worst two-day fall since the crash of 1987. The Dow lost 443 points, a loss of 4.9 percent, to 8,695. The S&P 500 tumbled 47 points, or 5 percent, to 904. The Nasdaq gave up 72 points to 1,608. Crude oil prices dropped to $60.77 a barrel.Conway Gittens reports from New York.Speaker: Alec Young, equity strategist, Standard & Poor's

Tags: sales figures, retailers, Dow, Nasdaq

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